Latest Currency News Continued - page 2
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Latest Currency News Headlines
Brexit Fears Send GBP NZD Exchange Rate to 2-Month Low
13 Jan 2017 at 11 AM - Written by Toni Johnson
STORY LINK Brexit Fears Send GBP NZD Exchange Rate to 2-Month Low
The Pound to New Zealand Dollar exchange rate fell on Thursday as Brexit jitters returned once the UK government announced that Prime Minister Theresa May’s Brexit speech would take place this coming Tuesday. The ‘Kiwi’ held firm on lasting risk-sentiment.
GBP/NZD began the week trending at the level of 1.7662 and as of Friday morning was trending near a two-month-low of 1.7065. Almost six cents down, the pair is not...
CATEGORIES: Pound New Zealand Dollar Forecasts
Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading
13 Jan 2017 at 11 AM - Written by Ben Hughes
STORY LINK Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading
Risk appetite generally declined ahead of the weekend thanks to an unexpectedly sharp contraction in Chinese exports, which prompted the Pound Canadian Dollar (GBP CAD) exchange rate to trend higher.
Less Dovish BoE Comments Boosted Pound Sterling
Confidence in the Pound (GBP) picked up in the wake of comments from Bank of England (BoE) policymaker Michael Saunders, who appeared to be relatively optimistic regarding the...
CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts
Oil Glut Worries Sends Pound Norwegian Krone Exchange Rate Higher
12 Jan 2017 at 4 PM - Written by James Fuller
STORY LINK Oil Glut Worries Sends Pound Norwegian Krone Exchange Rate Higher
The Pound to Norwegian Krone exchange rate hit new weekly lows on Friday afternoon despite oil prices dropped from their best levels on concerns that OPEC’s planned oil output cuts would not be enough to stimulate long-term price increases.
This left GBP/NOK close to 10.3399 – its lowest level since before the US election in November 2016. The pair could recover from its worst levels in the next week if oil prices continue...
CATEGORIES: Daily Currency Updates Pound Norwegian Krone Forecasts
Major CHF Gains seen after Trump Turmoil
12 Jan 2017 at 4 PM - Written by Minesh Chaudhari
STORY LINK Major CHF Gains seen after Trump Turmoil
The Swiss Franc fell from its best levels against the US Dollar on Friday afternoon as market sentiment towards the US Dollar recovered slightly and investors eased their positions on the ‘safe haven’ Franc.
Friday’s US data was generally optimistic. While December’s retail sales figures didn’t meet expectations at 0.7%, the 0.6% result was solid enough for markets. Traders were also pleased that the University of...
CATEGORIES: Pound Swiss Franc Forecasts
Mixed German Data Leaves EUR CHF Trending Lower
12 Jan 2017 at 2 PM - Written by Ben Hughes
STORY LINK Mixed German Data Leaves EUR CHF Trending Lower
The Euro to Swiss Franc exchange rate continued to fluctuate within a narrow range on Friday afternoon as no fresh influential data moved the exchange rates from the day’s opening levels.
The Swiss Franc may see an increase in demand in the next week however as US President-elect Donald Trump will be inaugurated on the 20th and could see investors flocking to ‘safe haven’ currencies.
[Previously Updated 12/01/2017]...
CATEGORIES: Currency Predictions Pound Swiss Franc Forecasts
Concerning UK Trade Data Sends GBP USD Reeling
11 Jan 2017 at 11 AM - Written by Ben Hughes
STORY LINK Concerning UK Trade Data Sends GBP USD Reeling
The Pound to US Dollar exchange rate fell from its best levels since Monday on Thursday afternoon as Sterling was weakened once more by the latest Brexit jitters.
Investors became anxious and jittery on the Pound as it was finally confirmed when UK Prime Minister Theresa May would hold high highly anticipated Brexit speech. Though the speech is supposedly intended to offer clarity, markets fear it will be another nail in the...
CATEGORIES: Dollar Pound Forecasts